For Each of the Following (1) Identify the Type of Account

question 10

Essay

For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, and (2) identify the normal balance of the account.
$\begin{array} { | l | l | l | } \hline \text { Account Title } & \text { Account Type } & \begin{array} { l } \text { Normal Balance } \\\text { (Debit or Credit) }\end{array} \\\hline \text { a. Prepaid Insurance } & & \\\hline \text { b. Accounts Payable } & & \\\hline \text { c. J. Jason, Capital } & & \\\hline \text { d. Utilities Expense } & & \\\hline \text { e. Land } & & \\\hline \text { f. Services Revenue } & & \\\hline \text { g. Notes Receivable } & & \\\hline \text { h. Advertising Expense } & & \\\hline\end{array}$
$$\begin{array} { | l | l | l | } \hline \text { i. Unearned Revenue } & \quad\quad&\quad\quad \\\hline \text { j. Service Revenue } & & \\\hline\end{array}$$

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Definitions:

Competing Preferences

Situations in which individuals or groups have differing desires or choices that are in conflict with one another.

Unethical Behavior

Actions or decisions that violate moral or professional principles, often for personal gain or advantage.

Competition For Rewards

A situation where individuals or teams vie for recognition, compensation, or other incentives offered for achieving certain goals or performance standards.

Authentic Leadership

A leadership style that is genuine and transparent, encouraging leaders to be self-aware and act consistently with their values and beliefs.